BusinessPostCorner.com
No Result
View All Result
Friday, May 16, 2025
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Rail nationalisation not a silver bullet, says Labour government

January 20, 2025
in Business
Reading Time: 2 mins read
A A
0
Rail nationalisation not a silver bullet, says Labour government
ShareShareShareShareShare

Re-nationalising train operating companies was a key part of Labour’s manifesto.

Northern was taken into public ownership under the Conservative government in 2020 but its performance has failed to improve.

Alexander said that she and Rail Minister Lord Peter Hendy will hold the Department for Transport Operator’s (DfTO) “feet to the fire” to deliver Northern’s published improvement plan, although she provided no further detail on how.

The operating division already runs 25% of train journeys on the franchises it controls: Northern, LNER, TransPennine and Southeastern. C2C, South Western and Greater Anglia will be added during this year.

In her speech, she said there was a need for unification across the train operators and Network Rail, which manages the railway infrastructure.

This would allow them “to work closer together, to rip out duplication, simplify the management of track and train and create greater accountability”.

The government is continuing to develop its new operating body, Great British Railways.

Alexander said the DfTO is key to ensure that Great British Railway “doesn’t end up as an umbrella of 16 separate organisations, each with their own incentives, back office systems and structures but instead becomes one integrated team, relentlessly focused on the passenger”.

Among her priorities, Alexander said there will be more trials of pay as you go as well as more innovation around the use of AI to improve passenger experience and efficiency.

Great British Railways is a publicly-owned body that will run both the network tracks and trains and will oversee the rail system across England, Wales, and Scotland.

Credit: Source link

ShareTweetSendPinShare
Previous Post

President Donald Trump’s inauguration address — full text: 20 January, 2025

Next Post

Ørsted announces further writedown on US business

Next Post
Ørsted announces further writedown on US business

Ørsted announces further writedown on US business

Shiba Inu Price Analysis: SHIB Primed For 2x Explosion as Meme Season Returns

Shiba Inu Price Analysis: SHIB Primed For 2x Explosion as Meme Season Returns

May 14, 2025
OpenAI expands CoreWeave tie-up with new  billion cloud deal

OpenAI expands CoreWeave tie-up with new $4 billion cloud deal

May 15, 2025
British government under fire from hundreds of artists including Dua Lipa and Paul McCartney over AI copyright exception

British government under fire from hundreds of artists including Dua Lipa and Paul McCartney over AI copyright exception

May 13, 2025
Ethereum Price Prediction: Did Pectra Boost Confidence in ETH As An Investment?

Ethereum Price Prediction: Did Pectra Boost Confidence in ETH As An Investment?

May 12, 2025
Consensus Mechanisms Race to Fix PoW and PoS Flaws Before 2032 Security Crunch

Consensus Mechanisms Race to Fix PoW and PoS Flaws Before 2032 Security Crunch

May 15, 2025
Pi Network Price Prediction: May 10 Decision Could Decide Everything as Unlocks Loom 

Pi Network Price Prediction: May 10 Decision Could Decide Everything as Unlocks Loom 

May 9, 2025
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

Chinese Firm DDC Enterprise Plans Strategic Bitcoin Reserve, Targets 5,000 BTC Accumulation

Chinese Firm DDC Enterprise Plans Strategic Bitcoin Reserve, Targets 5,000 BTC Accumulation

May 16, 2025
China’s Pop Mart-loving Gen Z fuels big gains for investors

China’s Pop Mart-loving Gen Z fuels big gains for investors

May 16, 2025

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!